New Memecoin “Dogs Coin” Stirs Up Buzz in Cryptocurrency Space
The cryptocurrency sector, currently valued at $2.05 trillion, is home to over 2.4 million cryptocurrencies in circulation, with new ones entering the market daily. The latest addition to this list is “Dogs Coin,” a memecoin that has gained significant attention in recent weeks. What sets Dogs Coin apart is its unique launchpad – Telegram, the popular messaging app, is serving as the platform for this new token.
Dogs Coin is part of a new game on Telegram’s Mini Apps marketplace, also called Dogs. The game allows users to play and collect Dogs Coin, which went live on July 9. The token has been designed as a tribute to Spotty, the unofficial mascot of Russian social networking firm vKontakte (VK), founded by Telegram’s founder Pavel Durov in 2006.
Since its launch, the Dogs ecosystem has managed to amass over 3.19 million community members on Telegram. Users can earn Dogs Coin by inviting new members to join the ecosystem. The developers of the project recently reminded the community that the airdrop will only be available until August 14, sparking excitement and anticipation among fans.
As of now, Dogs Coin is only available on Telegram via airdrops and rewards. The memecoin has not been listed on any exchange yet, and the listing date has not been officially announced. The team handling the Dogs ecosystem has warned community members to be cautious of scams and fake information, emphasizing the importance of trusting only official channels.
Despite the uncertainty surrounding its listing, Dogs Coin has already gained significant traction. Indian crypto exchange KuCoin has listed the token on its pre-market list, and the Dogs community has reached 50 million users on Telegram. The project’s growth has been praised by industry experts, with BuyUcoin’s CEO Shivam Thakral noting that new projects like Dogs Token highlight the ongoing innovation and growth in the cryptocurrency space.
As the memecoin’s adoption curve plays out, it remains to be seen whether Dogs Coin will prove to be a fleeting fad or a lasting addition to the cryptocurrency landscape. One thing is certain, however – the excitement surrounding this new token is palpable, and fans are eagerly awaiting its listing on major exchanges.
